Update on Juana ElizabethThis member continues in the “Señor de Muruhuay” communal bank and with her business selling and making sweaters. In her free time she makes sweaters but when there isn't time she has to buy some sweaters. She distributes her products to different resellers in different markets.
She requires the loan to buy sweaters and also to buy materials to knit the sweaters.
She is grateful to those who are a part of this dream in this way and she is committed to making her payments on time.
Requiere el préstamo para comprar las chompas y también para comprar materiales para tejer las chompas.
Agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsThe member belongs to the communal bank “SEÑOR DE MURUHUAY.” The bank is located in the district of Cusco, belonging to the province of Cusco and the department of Cusco. The member is Mrs. Juana Elizabeth. She is 51 years old and is a single mother of one son. The member alternates her daily… More from Juana Elizabeth's previous loan »
Important InformationAbout Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid